UAE Brits in shock as GBP sinks to 30-month low
DUBAI 5 August 2019: The pound plunged to its lowest since January 2017 on Thursday following on from new Prime Minister Boris Johnson’s pledge to leave the EU on 31 October, whether a deal is […]
Business
Dubai DED issues 2,394 new licences in June
DUBAI 22 July 2019: Department of Economic Development (DED), has issued 2,394 new licenses for professional, commercial, industrial and tourism activities in June 2019. According to the Business Registration and Licensing, BRL, sector in DED […]
UAE property sector continues to be challenging in Q2
DUBAI 21 July 2019: “The first half of the year remained challenging for the UAE property sector, as rents and prices continued to decline. Conditions remain conducive for tenants who are well-positioned to demand rent-free […]
Emaar to build its first 3D print home in Dubai at…
DUBAI 19 July 2019: Global real estate developer Emaar Properties has announced plans to build its first 3D printed home in Dubai. Following a global competition, in which the world’s leading 3D printing technology providers […]
DP World lists $1bn sukuk, $300m bond on Nasdaq Dubai
DUBAI 19 July 2019: Nasdaq Dubai welcomed the listing of a $1 billion sukuk and a $300 million conventional bond issued by global trade enabler DP World. DP World is the largest UAE debt issuer […]
DMCC introduces dual licensing with Dubai DED
DUBAI 18 July 2019: DMCC and Dubai’s Department of Economic Development (DED), have signed an agreement to allow companies to operate within the Free Zone and onshore. The partnership aims to further facilitate trade and […]
No cigarette sale in UAE without red tax stamp
ABU DHABI 17 July 2019: The Federal Tax Authority (FTA), cautioned that owning or selling cigarettes not bearing the ‘Red Digital Tax Stamps’ will be prohibited across local markets as of 1st August 2019, as […]
90% of UAE residents use online banking, do you?
ABU DHABI 16 July 2019: The percentage of digital banking users in the UAE rose to 90 percent while the percentage of ATM users reached 100 percent, reflecting the growing automation of the country’s banking […]
Contract awarded for Zayed Dialysis Centre in Dubai
DUBAI 16 July 2019: The Islamic Affairs and Charitable Activities Department in Dubai, IACAD, in cooperation with the Dubai Health Authority announced the award of a Dh36.8 million contract to construct the Zayed Dialysis Centre. […]
MoE cuts, cancels fees for 100+ public services
ABU DHABI 15 July 2019: The Ministry of Economy has announced a new amended fee and fine structure for a package of 110 services in the implementation of Cabinet Resolution No. (51) of 2019 on […]